The Motley Fool: Will Obama Really Confiscate Your Retirement Savings?

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Will Obama Really Confiscate Your Retirement Savings?

The budget proposal President recently submitted had several provisions designed to increase government tax revenue. But one provision concerning retirement accounts triggered alarm bells for many Americans, raising fears that the government will confiscate your retirement savings.

Immediately, many analysts jumped to the conclusion that the provision might involve actually taking away money from retirement accounts.

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